logo

RDI Reit, Fortress B shares plunge

PUBLISHED: Thu, 25 Apr 2019 15:00:05 GMT

Share

RDI Reit’s share price has plunged 18 per cent in the past two days. Investors are concerned about the UK property retailer’s ability to pay back its debt. Another property company making investors nervous is Fortress B. That stock is among the biggest losers on the JSE today after ratings agency Moody’s downgraded it further into junk status. CNBC Africa spoke to Evan Robins, Portfolio manager, Macrosolutions and Steve Brown, CEO of Fortress.


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.

RELATED